You are evaluating two different silicon wafer milling machines. the techron i costs $261,000, has a three-year life, and has pretax operating costs of $70,000 per year. the techron ii costs $455,000, has a five-year life, and has pretax operating costs of $43,000 per year. for both milling machines, use straight-line depreciation to zero over the project�s life and assume a salvage value of $47,000. if your tax rate is 35 percent and your discount rate is 9 percent, compute the eac for both machines.

Which of the following statements is not correct? the stock of publicly owned companies must generally be registered with and reported to a regulatory agency such as the sec. when stock in a closely held corporation is offered to the public for the first time, the transaction is called "going public, or an ipo," and the market for such stock is called the new issue or ipo market. "going public" establishes a firm's true intrinsic value and ensures that a liquid market will always exist for the firm's shares. if you wanted to know what rate of return stocks have provided in the past, you could examine data on the dow jones industrial index, the s& p 500 index, or the nasdaq index.